Settings8H · net · $10k
Funding arb · Price arb /

TXN

RWAall TXN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Binance+0.088%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$202as in the Funding arb table
Net, price: spread back to 7d avg − costs−$196as in the Price arb table
costs, in and out, $10k−$2022.015% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 2 days (all we have)+0.051%+$5 · spread now +0.088%, 7d avg +0.034%
Together, before fees+0.051%+$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.054% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance TXNUSDT271.760get 0.0000% / 8h5h 40m$298K$461K25x
ShortGate TXN_USDT272.000get 0.0000% / 8h5h 40m$227K$107K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Binance. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.088% → +0.034%
$5.4
Slippage, 4 orders
−$176.53
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$196.13
Costs to cover
2.015%
Break-even
never at this rate
Slippage from Binance: live order book, 36 min ago; Gate: live order book, 16 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 36 min ago2.57 bp19.7 bp −$2082.8 bp −$828doesn't fitdoesn't fit
Sell Gate live order book, 16 min ago9.18 bp139.8 bp −$140doesn't fitdoesn't fitdoesn't fit

TXN on 7 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance TXNUSDTlong0.0000%8h271.76long leg$298K$461K25x
Bybit TXNUSDT0.0000%8h271.60−0.059%$167K$99K25xas long as short
Gate TXN_USDTshort0.0000%8h272.00+0.088%$227K$107K20x
Bitget TXNUSDT0.0000%8h271.80+0.015%$154K$105K20xas long as short
Variational Omni TXN0.0000%8h271.73−0.012%$20K$13Kas long as short
Extended TXN-USD+0.0040%1h271.05−0.261%$41K$12K10xas long as short
HTX TXN-USDT+0.0100%8h271.92+0.059%$4K$36K10xas long as short